As filed with the Securities and Exchange Commission on July 15, 2021.
Registration No. 333-257843
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 1
TO
FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
GATOS SILVER, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware | 1040 | 27 2654848 |
(State or Other Jurisdiction of Incorporation or Organization) | (Primary Standard Industrial Classification Code Number) | (I.R.S. Employer Identification Number) |
| | |
| 8400 E. Crescent Parkway, Suite 600 Greenwood Village, CO 80111 (303) 784 5350 | |
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)
Stephen Orr
Chief Executive Officer and Director
Gatos Silver, Inc.
8400 E. Crescent Parkway, Suite 600
Greenwood Village, CO 80111
(303) 784 5350
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent For Service)
Copies to:
Richard D. Truesdell, Jr. Derek Dostal Davis Polk & Wardwell LLP 450 Lexington Avenue New York, NY 10017 (212) 450 4000 | | Ryan J. Dzierniejko Michael J. Zeidel Skadden, Arps, Slate, Meagher & Flom LLP One Manhattan West New York, NY 10001 (212) 735 3000 |
| | | | |
Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement.
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ¨
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. x File No. 333-257843
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer | | ¨ | | Accelerated filer | | ¨ |
| | | | | | |
Non-accelerated filer | | x | | Smaller reporting company | | x |
| | | | | | |
| | | | Emerging growth company | | x |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B ) of the Securities Act. x
This Registration Statement shall become effective upon filing with the Securities and Exchange Commission in accordance with Rule 462(d) of the Securities Act.
EXPLANATORY NOTE AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
This Post-Effective Amendment No. 1 to the Registration Statement on Form S-1 (File No. 333-257843) is filed pursuant to Rule 462(d) under the Securities Act of 1933, as amended (the “Securities Act”), solely to update Exhibits 5.1 and 23.3 to such Registration Statement. This Registration Statement shall become effective upon filing with the Commission in accordance with Rule 462(d) under the Securities Act.
| Item 16. | Exhibits and Financial Statement Schedules. |
The list of exhibits set forth under “Exhibit Index” at the end of this Registration Statement is incorporated by reference.
EXHIBIT INDEX
| | | | Incorporation by Reference |
Exhibit Number | | Description | | Form | | File No. | | Exhibit No. | | Filing Date |
1.1* | | Form of Underwriting Agreement | | | | | | | | |
3.1* | | Amended and Restated Certificate of Incorporation | | 8-K | | 001-39649 | | 3.1 | | October 30, 2020 |
3.2* | | Amended and Restated By-Laws | | 8-K | | 001-39649 | | 3.2 | | October 30, 2020 |
5.1 | | Opinion of Davis Polk & Wardwell LLP | | | | | | | | |
10.1.1* | | Term Loan Agreement dated as of July 11, 2017 among Minera Plata Real S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., and Servicios San Jose de Plata, S. de R.L. de C.V. as Borrowers and Dowa Metals & Mining Co., Ltd. as Lender and Sunshine Silver Mining and Refining Corporation and Los Gatos Luxembourg S.a.r.l. | | S-1 | | 333-249224 | | 10.1.1 | | October 1, 2020 |
10.1.2* | | Amendment No. 1 to Term Loan Agreement, dated as of July 11, 2018 among Minera Plata Real S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., and Servicios San Jose de Plata, S. de R.L. de C.V., the Borrowers, Dowa Metals & Mining Co., Ltd., as Lender and Sunshine Silver Mining & Refining Corporation and Los Gatos Luxembourg S.a.r.l. | | S-1 | | 333-249224 | | 10.1.2 | | October 1, 2020 |
10.1.3* | | Amendment No. 2 to Term Loan Agreement, dated as of November 30, 2018 among Minera Plata Real S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., and Servicios San Jose de Plata, S. de R.L. de C.V., the Borrowers, Dowa Metals & Mining Co., Ltd., as Lender and Sunshine Silver Mining & Refining Corporation and Los Gatos Luxembourg S.a.r.l. | | S-1 | | 333-249224 | | 10.1.3 | | October 1, 2020 |
10.1.4* | | Amendment No. 3 to Term Loan Agreement, dated as of January 31, 2019 among Minera Plata Real S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., and Servicios San Jose de Plata, S. de R.L. de C.V., the Borrowers, Dowa Metals & Mining Co., Ltd., as Lender and Sunshine Silver Mining & Refining Corporation and Los Gatos Luxembourg S.a.r.l. | | S-1 | | 333-249224 | | 10.1.4 | | October 1, 2020 |
10.2.1* | | Memorandum of Understanding as of April 16, 2019 by and among Minera Plata Real S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., and Servicios San Jose de Plata, S. de R.L. de C.V., the Borrowers, Dowa Metals & Mining Co., Ltd. and Sunshine Silver Mining & Refining Corporation | | S-1 | | 333-249224 | | 10.3.1 | | October 1, 2020 |
10.3.1* | | Unanimous Omnibus Partner Agreement effective as of January 1, 2015 among Minera Plata Real, S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., Servicios San Jose de Plata, S. de R.L. de C.V., Los Gatos Luxembourg S.a.r.l., Sunshine Silver Mining & Refining Corporation and Dowa Metals & Mining Co., Ltd. | | S-1 | | 333-249224 | | 10.5.1 | | October 1, 2020 |
| | | | Incorporation by Reference |
Exhibit Number | | Description | | Form | | File No. | | Exhibit No. | | Filing Date |
10.3.2* | | Agreement to Make Capital Contribution dated April 10, 2017, among Minera Plata Real, S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., Servicios San Jose de Plata, S. de R.L. de C.V., Los Gatos Luxembourg S.a.r.l., Sunshine Silver Mining & Refining Corporation and Dowa Metals & Mining Co., Ltd. | | S-1 | | 333-249224 | | 10.5.2 | | October 1, 2020 |
10.3.3* | | Amendment to Partner Agreement dated June 30, 2017, among Minera Plata Real, S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., Servicios San Jose de Plata, S. de R.L. de C.V., Los Gatos Luxembourg S.a.r.l., Sunshine Silver Mining & Refining Corporation and Dowa Metals & Mining Co., Ltd. | | S-1 | | 333-249224 | | 10.5.3 | | October 1, 2020 |
10.3.4* | | Amendment No. 3 to Partner Agreement dated March 30, 2018 among Minera Plata Real, S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., Servicios San Jose de Plata, S. de R.L. de C.V., Los Gatos Luxembourg S.a.r.l., Sunshine Silver Mining & Refining Corporation and Dowa Metals & Mining Co., Ltd. | | S-1 | | 333-249224 | | 10.5.4 | | October 1, 2020 |
10.3.5* | | Amendment No. 4 to Partner Agreement dated March 30, 2019 among Minera Plata Real, S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., Servicios San Jose de Plata, S. de R.L. de C.V., Sunshine Silver Mining & Refining Corporation and Dowa Metals & Mining Co., Ltd. | | S-1 | | 333-249224 | | 10.5.5 | | October 1, 2020 |
10.3.6* | | Amendment No. 5 to Partner Agreement dated April 29, 2020 among Minera Plata Real, S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., Servicios San Jose de Plata, S. de R.L. de C.V., Sunshine Silver Mining & Refining Corporation and Dowa Metals & Mining Co., Ltd. | | S-1 | | 333-249224 | | 10.5.6 | | October 1, 2020 |
10.3.7* | | Amendment No. 6 to Partner Agreement dated May 25, 2020 among Minera Plata Real, S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., Servicios San Jose de Plata, S. de R.L. de C.V., Sunshine Silver Mining & Refining Corporation and Dowa Metals & Mining Co., Ltd. | | S-1 | | 333-249224 | | 10.5.7 | | October 1, 2020 |
10.3.8* | | Amendment No. 7 to Partner Agreement dated June 16, 2020 among Minera Plata Real, S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., Servicios San Jose de Plata, S. de R.L. de C.V., Sunshine Silver Mining & Refining Corporation and Dowa Metals & Mining Co., Ltd. | | S-1 | | 333-249224 | | 10.5.8 | | October 1, 2020 |
10.4.1* | | Confirmation Agreement dated March 9, 2021 among Minera Plata Real, S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., Servicios San Jose de Plata, S. de R.L. de C.V., Gatos Silver, Inc. and Dowa Metals & Mining Co., Ltd. | | 8-K | | 001-39649 | | 10.1 | | March 12, 2021 |
10.5.1* | | Priority Distribution Agreement dated May 30, 2019 among Minera Plata Real, S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., Sunshine Silver Mining & Refining Corporation and Dowa Metals & Mining Co., Ltd. | | S-1 | | 333-249224 | | 10.7.1 | | October 1, 2020 |
10.6.1* | | Exploration, Exploitation and Unilateral Promise to Sell Agreement dated May 4, 2006 between La Cuesta International, S.A. de C.V. and Minera Plata Real, S.A. de C.V. | | S-1 | | 333-249224 | | 10.8.1 | | October 1, 2020 |
10.7.1#* | | Agreement dated July 15, 2019, between Ocean Partners USA. Inc. and Operaciones San Jose de Plata, S. de R.L. de C.V. | | S-1 | | 333-249224 | | 10.9.1 | | October 1, 2020 |
10.7.2#* | | Memorandum of Agreement dated July 1, 2020, between Operaciones San Jose de Plata, S. de R.L. de C.V. and Dowa Metals & Mining Co., Ltd. | | S-1 | | 333-249224 | | 10.9.2 | | October 1, 2020 |
10.8.1#* | | Cerro Los Gatos Lead Concentrate Sales Agreement dated April 14, 2019 between Operaciones San Jose de Plata, S. de R.L. de C.V. and Metagri S.A. de C.V. | | S-1 | | 333-249224 | | 10.10.1 | | October 1, 2020 |
| | | | Incorporation by Reference |
Exhibit Number | | Description | | Form | | File No. | | Exhibit No. | | Filing Date |
10.9.1†* | | Amended and Restated Long Term Incentive Plan | | S-8 | | 333-249782 | | 99.1 | | October 30, 2020 |
10.9.2†* | | Form of Executive Nonqualified Stock Option Agreement | | S-1 | | 333-249224 | | 10.12.2 | | October 8, 2020 |
10.9.3†* | | Form of Director Nonqualified Stock Option Agreement | | S-1 | | 333-249224 | | 10.12.3 | | October 8, 2020 |
10.9.4†* | | Form of DiSU Award Agreement | | S-1 | | 333-249224 | | 10.12.4 | | October 8, 2020 |
10.9.5†* | | Form of DSU Award Agreement | | S-1 | | 333-249224 | | 10.12.5 | | October 8, 2020 |
10.10.1†* | | Annual Incentive Plan | | S-1 | | 333-249224 | | 10.13.1 | | October 8, 2020 |
10.11.1†* | | Non-Qualified Deferred Compensation Plan | | S-1 | | 333-249224 | | 10.14.1 | | October 8, 2020 |
10.12.1†* | | Employment Agreement dated as of May 3, 2011 between Sunshine Silver Mining & Refining Corporation and Stephen Orr | | S-1 | | 333-249224 | | 10.15.1 | | October 1, 2020 |
10.12.2†* | | Employment Agreement dated as of April 1, 2016 between Sunshine Silver Mining & Refining Corporation and John Kinyon | | S-1 | | 333-249224 | | 10.15.2 | | October 1, 2020 |
10.12.3†* | | Employment Agreement dated as of June 1, 2011 between Sunshine Silver Mining & Refining Corporation and Philip Pyle | | S-1 | | 333-249224 | | 10.15.3 | | October 1, 2020 |
10.13.1* | | Management Services Agreement dated October 30, 2020, between Gatos Silver, Inc. and Silver Opportunity Partners Corporation | | 8-K | | 001-39649 | | 10.1 | | October 30, 2020 |
10.14.1* | | Shareholders Agreement dated October 30, 2020, by and among Gatos Silver, Inc. and the stockholders that are signatories thereto | | 8-K | | 001-39649 | | 10.2 | | October 30, 2020 |
10.15.1* | | Form of Indemnification Agreement | | S-1 | | 333-249224 | | 10.18.1 | | October 8, 2020 |
10.16.1* | | Registration Rights Agreement dated October 30, 2020, by and among Gatos Silver, Inc. and the stockholders that are signatories thereto | | 8-K | | 001-39649 | | 10.3 | | October 30, 2020 |
10.17.1* | | Confirmation Agreement, dated July 12, 2021, among Minera Plata Real, S. de R.L. de C.V., Operaciones San Jose de Plata, S. de R.L. de C.V., Servicios San Jose de Plata, S. de R.L. de C.V., Gatos Silver, Inc. and Dowa Metals & Mining Co., Ltd. | | | | | | | | |
10.18.1* | | Revolving Credit Facility, dated July 12, 2021, between Gatos Silver, Inc. and Bank of Montreal, Chicago Branch | | | | | | | | |
21.1* | | Subsidiaries of the Registrant | | 10-K | | 001-39649 | | 21.1 | | March 29, 2021 |
23.1* | | Consent of KPMG LLP — Gatos Silver, Inc. | | | | | | | | |
23.2* | | Consent of KPMG LLP — Los Gatos Joint Venture | | | | | | | | |
23.3 | | Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.1) | | | | | | | | |
23.4* | | Consent of Tetra Tech, Inc. | | | | | | | | |
23.5* | | Consent of Guillermo Dante Ramírez- Rodríguez | | | | | | | | |
23.6* | | Consent of Leonel López | | | | | | | | |
23.7* | | Consent of Kira Lyn Johnson | | | | | | | | |
23.8* | | Consent of Keith Thompson | | | | | | | | |
23.9* | | Consent of Kenneth E. Smith | | | | | | | | |
23.10* | | Consent of Luis Quirindongo | | | | | | | | |
23.11* | | Consent of Max Johnson | | | | | | | | |
24.1* | | Power of Attorney | | | | | | | | |
96.1* | | NI 43-101 Technical Report: Los Gatos Project, Chihuahua, Mexico, dated July 1, 2020 | | S-1 | | 333-249224 | | 96.1 | | October 1, 2020 |
| # | Portions of this exhibit have been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K. |
| † | Indicates a management contract or compensatory plan. |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Denver, State of Colorado, on July 15, 2021.
| By: | /s/ Stephen Orr |
| | Name: | Stephen Orr |
| | Title: | Chief Executive Officer |
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and July 15, 2021.
Signature | | Title |
| | |
/s/ Stephen Orr | | Chief Executive Officer and Director |
Stephen Orr | | (principal executive officer) |
| | |
/s/ Roger Johnson | | Chief Financial Officer |
Roger Johnson | | (principal financial officer and principal accounting officer) |
| | |
* | | Chair of the Board of Directors |
Janice Stairs | | |
| | |
* | | |
Ali Erfan | | Director |
| | |
* | | |
Igor Gonzales | | Director |
| | |
* | | |
Karl Hanneman | | Director |
| | |
* | | |
Charles Hansard | | Director |
| | |
* | | |
Igor Leventhal | | Director |
| | |
* | | |
David Peat | | Director |
| | |
* | | |
Daniel Muñiz Quintanilla | | Director |
| | |
* By: | /s/ Roger Johnson | |
| Name: | Roger Johnson | |
| Title: | Attroney-in-Fact | |